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§ Venture Capital · Dubai, UAE
Early-stage venture capital firm investing in technology companies in the AFMEP region with high scalability potential.
Conjunction Capital is an early-stage venture capital firm based in Dubai, United Arab Emirates, that invests in highly scalable technology startups across the Africa, Middle East, and Pakistan regions. The firm operates by providing equity financing to early-stage technology companies that are addressing substantial market opportunities within these rapidly emerging economies. Conjunction Capital actively builds its investment portfolio by backing regional enterprises, notably leading a $12.6 million Series A funding round for the logistics technology platform Flextock in February 2026. The firm has also directed investment capital toward other prominent regional startups, including the logistics and financial technology provider PostEx. The firm's internal investment team, which includes associate Syed Wajahat Karim, carefully evaluates prospective deals based on strict regional scalability criteria. Conjunction Capital was established in 2021 by an undisclosed group of original founding partners.
Conjunction Capital operates as an early-stage venture capital fund, seeking to back founders of highly scalable businesses. The firm targets technology companies that are in their initial growth phases.
Conjunction Capital led a $12.6 million Series A funding round for Flextock, an Egyptian technology company. The firm has also been identified as an investor in PostEx.
Conjunction Capital operates as an early-stage venture capital fund, seeking to back founders of highly scalable businesses. The firm targets technology companies that are in their initial growth phases.
Conjunction Capital led a $12.6 million Series A funding round for Flextock, an Egyptian technology company. The firm has also been identified as an investor in PostEx.
The firm's approach involves identifying and partnering with passionate founders who are developing innovative solutions. Conjunction Capital seeks to support these companies through their early growth phases, leveraging its expertise to help them expand and achieve their strategic objectives.
Conjunction Capital has demonstrated its investment activity by participating in significant funding rounds. For instance, the firm led a $12.6 million Series A funding round for Flextock, an Egyptian company. This investment highlights its commitment to supporting emerging technology leaders in the region.
Additionally, Conjunction Capital has been noted as an investor in other ventures, including PostEx. These investments underscore the firm's focus on building a diversified portfolio of technology-driven companies. The firm's presence in Dubai positions it strategically to access and support the growing venture ecosystem across the broader AFMEP region.
Conjunction Capital has 2 tracked investments across 2 companies. The latest tracked deal is $12.6M Series A in Flextock in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 19, 2026 | Flextock | $12.6M Series A | Cyril Shonibare | Access Bridge Ventures, Alter Global, B&Y Venture Partners, Mobola DA Silva, Foundation Ventures, JIMCO, MSA Capital |
| Jan 29, 2026 | Uplift AI | $3.5M Seed | Indus Valley Capital, Y Combinator | Moment Ventures, Pioneer Fund, Testmunk |